Summary
Despite Trump’s 2024 warnings of a market crash under Biden, the S&P 500 is experiencing its worst start to a presidential term in modern history under him, dropping ~15% since Inauguration Day.
This plunge, largely attributed to Trump’s aggressive tariff policies announced post-election (“Liberation Day”), is pushing the market toward bear territory faster than any predecessor since 1957.
The Nasdaq is already in a bear market, and economists increasingly warn the tariffs could trigger a recession impacting widespread stock ownership.
In this case, it’s so very stark, though. Donvict was handed maybe one of the best economies we’ve seen in a very long time, and he absolutely burned it down.
It was 100% him. And there is no one else to blame and no other cause.
And the Republicans LET HIM DO IT, too.